Valdes Angela 4

What Happened Angela Valdes, Chief Accounting Officer of JBG SMITH Properties (JBGS), was granted 5,067 LTIP units (an equity award) on February 13, 2026. This is a compensation grant (derivative award) rather than a purchase or sale; no cash price was reported. The LTIPs, if vested, are convertible into operating partnership units (OP Units) and those OP Units can be redeemed for one common share (or cash at the issuer’s option) after the two‑year anniversary of the LTIP issuance.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (filed within two business days given the Feb 16 holiday).
• Award: 5,067 LTIP units; acquisition type reported as Award/Grant (code A); no dollar price reported.
• Vesting: 25% vests on each of the first through fourth anniversaries of Feb 13, 2026 (i.e., annually through 2029), subject to continued employment.
• Conversion/redeemability: LTIPs convert to OP Units (at holder’s option, subject to tax condition) and resulting OP Units are redeemable for one common share or cash after the two‑year anniversary (on/after Feb 13, 2028), per filing footnotes.
• Class B shares: Valdes received corresponding Class B shares that have no economic rights; one Class B share is held per LTIP.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Filing appears timely (filed within the required two business days, accounting for the Presidents’ Day holiday).

Context This is a standard long‑term incentive grant used for executive compensation and retention. It represents potential future equity (subject to vesting and conversion rules) rather than an immediate open‑market purchase or sale; such awards are routine and do not, by themselves, indicate buying or selling sentiment.